Public pensions

Riverside is the latest Illinois municipality to be downgraded because of underfunded pensions.

S&P Global Ratings downgraded Oak Lawn to BBB.

The dollar value of net pension liabilities rose in 43 states while the dollar value of outstanding tax-supported debt rose in 17 states, the report said.

Illinois' five state pension funds certified preliminary 2020 contributions may change, depending the results of planned buyout offers.

The California Supreme Court will hear oral arguments Dec. 5 on a case to decide what pension rights are vested for government employees in the state.

Chicago Heights joins the list of local governments hit with a Moody's downgrade becaue of pension funding strains.

The state's largest retirement fund is advancing the planned buyouts as its unfunded liabilities continue to increase.

The Public Pension Management and Asset Investment Review Commission will present its findings to Gov. Tom Wolf and the General Assembly.

Oregon Gov. Kate Brown released an earthquake preparedness plan as she battles to win re-election.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

The new GASB standards apply to Other Post-Employment Benefits, or OPEB, which mostly pertain to retiree health benefits, but also can include dental, vision, disability and death benefits.

"I thought their approach was novel," Connecticut Lottery Corp. President Gregory Smith said of New Jersey's maneuver to boost pension funding.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Jim Spiotto of Chapman Strategic Advisors explores creative means to revive states and cities and boost pension funding. He also discusses lessons learned from the Lehman Brothers collapse. Paul Burton hosts.

As Oregon schools, municipalities and public agencies face another major increase in public pension costs come July, some are considering a risky solution.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

More than 100 local governments around the state will ask their voters to approve tax measures in November.

An asset transfer that links a revenue-producing asset to public pension funds may provide long-term solutions to poorly funded systems.

The New York City Comptroller is encouraging greater diversity among investment managers hired by the city’s pension funds.